Banca Cassa di Risparmio di Torino S.p.A. known as Banca CRT, or Caritorino, was an Italian savings bank based in Turin, Piedmont. In 1997, the bank joined

Unicredito Unicredito was an Italian holding company, formed by the owner of banks: the banking foundations of Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona (Cariverona Banca) and Cassa di Risparmio della Marca Trivigiana (Cassamarca), in a ratio of ...

banking group, as well as in 1998 followed the group to merge with

Credito Italiano Credito Italiano also known as just Credit, was an Italian bank, now part of UniCredit. It was merged with Unicredito in 1998, forming Unicredito Italiano (now UniCredit). Circa 1999 to 2002 UniCredit created a new subsidiary of the same name to ru ...

to form UniCredito Italiano (now known as

UniCredit UniCredit S.p.A. is an international banking group headquartered in Milan. It is Italy's only systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was for ...

). In 2002, Banca CRT was absorbed into the parent company. The former owner of Banca CRT, Fondazione Cassa di Risparmio di Torino ( Fondazione CRT), as of 31 December 2013, still owned 2.506% voting rights of UniCredit, as 7th largest shareholder. On 31 December 1999, Fondazione CRT was the second largest shareholder of UniCredit with 14.228% of the total ordinary shares (704,943,077 of 4,954,465,306).

History

Cassa di Risparmio di Torino was founded in 1827 with a

philanthropic Philanthropy is a form of altruism that consists of "private initiatives, for the public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material ...

ideals, at that time still in the

Kingdom of Sardinia The Kingdom of Sardinia,The name of the state was originally Latin: , or when the kingdom was still considered to include Corsica. In Italian it is , in French , in Sardinian , and in Piedmontese . also referred to as the Kingdom of Savoy-S ...

. Before 1950s, the bank already acquired the local banks in Casale Monferrato, Pinerolo and Ivrea. In 1991, due to , the daily banking operation, charity and ownership were split into a

società per azioni ''Società'' (Italian: ''Society'') was an Italian communist cultural magazine published in Italy between 1945 and 1961. History and profile ''Società'' was founded as a quarterly magazine in Florence in 1945. The founders were Ranuccio Bianchi ...

(Banca CRT S.p.A.), and a banking foundation (Fondazione Cassa di Risparmio di Torino; Fondazione CRT). In the 1990s, Banca CRT absorbed Banca Subalpina and Banco di Bergamo as well as had a minority shares holding in other saving banks ( it, Cassa di Risparmio) of

Bra A bra, short for brassiere or brassière (, or ; ), is a form-fitting undergarment that is primarily used to support and cover breasts. It can serve a range of other practical and aesthetic purposes, including enhancing or reducing the appea ...

Fossano Fossano ( pms, Fossan) is a town and ''comune'' of Piedmont, northern Italy. It is the fourth largest town of the Province of Cuneo, after Cuneo, Alba and Bra. It lies on the main railway line from Turin to Cuneo and to Savona, and has a branch li ...

Saluzzo Saluzzo (; pms, Salusse ) is a town and former principality in the province of Cuneo, in the Piedmont region, Italy. The city of Saluzzo is built on a hill overlooking a vast, well-cultivated plain. Iron, lead, silver, marble, slate etc. are fo ...

Savigliano Savigliano (Savijan in Piedmontese) is a ''comune'' of Piedmont, northern Italy, in the Province of Cuneo, about south of Turin by rail. It is home to ironworks, foundries, locomotive works (once owned by Fiat Ferroviaria, now by Alstom) and s ...

and

Tortona Tortona (; pms, Torton-a , ; lat, Dhertona) is a ''comune'' of Piemonte, in the Province of Alessandria, Italy. Tortona is sited on the right bank of the Scrivia between the plain of Marengo and the foothills of the Ligurian Apennines. History ...

in southern Piedmont, as well as

Banca della Valle d'Aosta Banca may refer to: Places * Bangka Island, an island lying east of Sumatra, part of Indonesia * Banca, Pyrénées-Atlantiques, a commune of the Pyrénées-Atlantiques ''département'', France * Banca, Tasmania, a locality in Tasmania, Australia * ...

. Banca CRT also sold the minority interests in

Cassa di Risparmio di Calabria e Lucania Cassa di Risparmio di Calabria e Lucania S.p.A. (Carical) was an Italian bank based in Cosenza, Calabria. The bank was merged with other banks to form Banca Carime. History Cassa di Risparmio di Calabria was found on 24 September 1861. The bank l ...

(Carical) to a consortium of

Cassa di Risparmio delle Provincie Lombarde Cassa di Risparmio delle Provincie Lombarde known as Cariplo SpA, was an Italian bank. On 2 January 1998 the bank merged with Banco Ambrosiano Veneto to form Banca Intesa. The company became a short-lived sub-holding company in late 1990s, which w ...

and Fondazione Carical in 1994. The minority interests in

Cassa di Risparmio di Città di Castello Casse di Risparmio dell'Umbria S.p.A. known as Casse dell'Umbria is an Italian retail bank based in Terni, Umbria. The bank is a subsidiary of Intesa Sanpaolo (via Banca CR Firenze). The headquarter of the bank was next to Fondazione Cassa di Ris ...

(40%) was also sold in 1993. On 30 September 1997 Banca CRT joined

, which already had Cariverona Banca and Cassamarca as members. On 15 October 1998 UniCredito merged with

, to form

UniCredito Italiano UniCredit S.p.A. is an international banking group headquartered in Milan. It is Italy's only systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was for ...

, which was the parent company of Banca CRT with 100% ownership until 2002. The former subsidiaries of Banca CRT were Banca Mediocredito di Torino (63.26% of the total shares in 2000) and Casse e Assicurazioni Vita (40% of the total shares in 2000). On 31 December 2001, Banca CRT had a shareholders' equity of €1.591 billion. On 1 July 2002, Banca CRT was absorbed into

along with Cariverona, Cassamarca, Caritro, C.R. Trieste and

Rolo Banca Rolo (pronounced /ˈrəʊləʊ/), referring to the roll-styled chocolates, is a brand of truncated cone-shaped or conical frustum-shaped chocolates with a caramel inside. First manufactured in Norwich, Norfolk in the United Kingdom by Mackintosh ...

. At the same time Credito Italiano was renamed into UniCredit Banca.

References

External links

* (currently redirect to UniCredit) Defunct banks of Italy Former UniCredit subsidiaries Banks established in 1827 Banks disestablished in 2002 1827 establishments in the Kingdom of Sardinia Italian companies disestablished in 2002 Companies based in Turin {{Italy-bank-stub